Form 4: Funko Executive Andrew Oddie Executes Stock Options and Sells Shares Under 10b5-1 Plan

Andrew David Oddie, Chief Commercial Officer of Funko, Inc., executed stock options and sold shares of Class A Common Stock under a pre-arranged 10b5-1 trading plan.

Summary

• On January 2, 2025, Andrew David Oddie, the Chief Commercial Officer of Funko, Inc., exercised options to purchase 7,526 shares of Class A Common Stock at a price of $9.77 per share and sold 27,712 shares at a weighted average price of $13.671.
• On January 6, 2025, Oddie exercised options to purchase 358 shares of Class A Common Stock at $9.77 per share and sold 358 shares at $14.
• These transactions were executed under a 10b5-1 trading plan adopted on September 16, 2024.
• Following these transactions, Oddie directly owns 20,186 shares of Class A Common Stock.
• Oddie also holds options to purchase 26,516 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, indicating a planned and orderly approach to stock sales.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of 10b5-1 trading plans allows insiders to sell shares over a predetermined period, mitigating concerns about insider trading. Investors often monitor these transactions for insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options as a way to align management's interests with those of shareholders.
• The vesting schedule of the options (25% after one year, then monthly installments) is a typical structure.
• The use of a 10b5-1 trading plan is a standard practice for executives to manage their stock sales in a compliant manner.
• Comparable companies such as Hasbro, Mattel, and Jakks Pacific also have executives who regularly report stock transactions via Form 4 filings.

Stakeholder Impact

• Shareholders may view these transactions as part of the executive's compensation and financial planning.
• The transactions themselves are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates